02100nam a22002777u 4500 pwiiw3244 OSt 20260517120328.0 060710t2006 au ||||| |||| 00| ||eng d OSt eng F22 O15 O16 jelc Pop, Daniel The Developmental Effectiveness of Remittances: Case Study on Huedin Town, Romania Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2006. wiiw Balkan Observatory Working Papers 64 Relying on survey data from Huedin, a town in Romania, we seek to provide an empirical evidence for the hypothesis according to which remittances could have either a positive or negative developmental impact at community level. For this, we inquire about the perceptions of migratory processes with focus on the possible effects of remittances in the local economy. Our first finding is that residents share a common view on the reasons of migration, namely that it has been triggered by the large pay levels that exists between the level of local and the Western European labor markets and that migration opportunity was enhanced by the lifting of visa requirements for Schengen countries. We have also found that remittances constitute a significant source of liquidity inflow and that the ways in which repatriated earnings were spent have influenced the performance of the local economy. We conclude that a reinterpretation of migration is required in order to capture the investment and entrepreneurial aspects of the phenomenon. In the formal model proposed in Appendix 2, we make a first attempt to conceptualise migration as a sector of the local economy in which migrants are entrepreneurs, who invest in migration activities to produce the composite commodity remittance. Remittances migration development Romania Romania 64 WIIW0000140 wiiw Balkan Observatory Working Papers https://wiiw.ac.at/p-3244.html P z 8704 8704 0 0 0 0 BIB BIB 1 2006-07-10 pwiiw3244 0 64 1000010003244 2006-07-10 00:00:00 2019-02-05 P